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Oil set for biggest quarterly rise since 2009 amid OPEC cuts, U.S. sanctions
Oil prices rose on Friday amid the ongoing OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, putting crude markets on track for their biggest quarterly rise since 2009.
U.S. West Texas Intermediate (WTI) futures were at $59.34 per barrel at 0802 GMT, up 36 cents, or 0.6 percent, from their last settlement.
WTI futures were set to rise for a fourth straight week and were on track to rise 30 percent in the first three months of the year.
Brent crude oil futures were up 24 cents, or 0.4 percent, at $68.06 per barrel. Brent futures were set to rise more than 1.5 percent for the week and by more than 25 percent in the first quarter.
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Oil set for biggest quarterly rise since 2009 amid OPEC cuts, U.S. sanctions
Oil prices rose on Friday amid the ongoing OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, putting crude markets on track for their biggest quarterly rise since 2009.
U.S. West Texas Intermediate (WTI) futures were at $59.34 per barrel at 0802 GMT, up 36 cents, or 0.6 percent, from their last settlement.
WTI futures were set to rise for a fourth straight week and were on track to rise 30 percent in the first three months of the year.
Brent crude oil futures were up 24 cents, or 0.4 percent, at $68.06 per barrel. Brent futures were set to rise more than 1.5 percent for the week and by more than 25 percent in the first quarter.
For More Information Contact Us-9719026661
https://api.whatsapp.com/send?phone=919720003255
www.RoyalTraders.co
Best Accuracy Of Royal Traders
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